Metro Brands Ltd. has declared an interim dividend of Rs 3 per share, along with a special dividend of Rs 14.5 per share for the financial year 2024-25, bringing the total dividend payout to Rs 17.5 per share.
According to the company’s exchange filing, the board of directors approved an interim dividend of Rs 3.00 per equity share and a special dividend of Rs 14.50 per equity share, both having a face value of Rs 5 each.
The record date for both dividends has been set for March 7, and payments are scheduled to be processed within 30 days from the declaration date, as per the filing.
Financial Performance Highlights
In the quarter ending December 2024, Metro Brands reported a decline in net profit, registering Rs 95.1 crore—a 3.7% drop from Rs 98.8 crore in the corresponding quarter of the previous year, as per consolidated financial results disclosed last month.
Despite the dip in profits, the company’s revenue saw a robust increase of 10.6%, reaching Rs 703 crore for the December quarter compared to Rs 636 crore in the same period the prior year.
Earnings before interest, tax, depreciation, and amortization (EBITDA) surged to Rs 225 crore, marking a 13.1% rise from Rs 199 crore in the October-December quarter of the preceding year. Margins also improved, climbing to 32% from 31.3% year-over-year.
Stock Performance & Analyst Recommendations
On Friday, Metro Brands’ stock closed 3.85% lower at Rs 1,117.15 per share on the National Stock Exchange, underperforming the Nifty 50 benchmark, which declined by 1.86% on the same day. Over the past 12 months, the stock has depreciated by 0.76%.
According to Bloomberg data, 19 out of 27 analysts tracking the company recommend a ‘buy,’ while four suggest ‘hold,’ and four advise ‘sell.’ The consensus 12-month target price from analysts indicates a potential upside of 15.5%.
